This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A court judgment was rendered against a county in which they were ordered to pay 500,000 in equal ... (Read 63 times)

ereecah

  • Hero Member
  • *****
  • Posts: 530
on: Jul 5, 2018
A court judgment was rendered against a county in which they were ordered to pay 500,000 in equal installments over a five-year period to the plaintiff. The county's General Fund will
 
  A. Report a fund liability of 500,000 in Year 1.
  B. Report expenditures of 500,000 in Year 1.
  C. Report expenditures of 100,000 in Year 1.
  D. Report expenditures of 100,000 in Year 1 and a fund liability of 400,000.

Question 2

March 10 Accounts Payable 800 Cash 800 Paid creditors on account. What effects does this journal entry have on the accounts?
 a. decrease Accounts Payable, increase Cash
  b. increase Cash, decrease Accounts Payable
  c. increase Accounts Payable, increase Cash
  d. decrease Accounts Payable, decrease Cash


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

adf223

  • Sr. Member
  • ****
  • Posts: 304
Reply #1 on: Jul 5, 2018
Answer to Question 1

C

Answer to Question 2

d


ereecah

  • Member
  • Posts: 530
Reply 2 on: Jul 5, 2018
:D TYSM

Sarahjh

  • Member
  • Posts: 370
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Demonstration of equal segregation within one meiocyte in the yeast S. cerevisiae Demonstration of equal segregation within one meiocyte in the yeast S. cerevisiae
Failure of the Equal Rights Amendment, 1972–1982 Failure of the Equal Rights Amendment, 1972–1982
Head of an Oba, Nigeria, Africa, Edo, Court of Benin. Head of an Oba, Nigeria, Africa, Edo, Court of Benin.
Gislebertus, Last Judgment, tympanum and lintel, west portal, cathedral, Autun, France. Gislebertus, Last Judgment, tympanum and lintel, west portal, cathedral, Autun, France.
Mask of an iyoba (queen mother), probably Idia, Court of Benin, Nigeria. Mask of an iyoba (queen mother), probably Idia, Court of Benin, Nigeria.
Planet Z-34 has a mass equal to 1/3 that of Earth, a radius equal to 1/3 that of Earth, and an ... Planet Z-34 has a mass equal to 1/3 that of Earth, a radius equal to 1/3 that of Earth, and an ...
Video: Smoking Cessation

For a complete list of videos, visit our video library